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AI Analysis of FRA
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Blackrock Floating Rate Income stock price up 0.0766% on Friday
(Updated on Apr 26, 2024)

Buy or Hold candidate since Apr 19, 2024 Gain 0.46% PDF

The Blackrock Floating Rate Income stock price gained 0.0766% on the last trading day (Friday, 26th Apr 2024), rising from $13.05 to $13.06. During the last trading day the stock fluctuated 0.459% from a day low at $13.06 to a day high of $13.12. The price has risen in 7 of the last 10 days and is up by 1.24% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 82 thousand shares were bought and sold for approximately $1.07 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.32% during the next 3 months and, with a 90% probability hold a price between $13.26 and $13.73 at the end of this 3-month period.

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FRA Signals & Forecast

The Blackrock Floating Rate Income stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $13.06. On a fall, the stock will find some support from the long-term average at approximately $12.97. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.99%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Tuesday, April 23, 2024 and based on theory for this formation the price should fall by -2.07% to $12.79 within 8 trading days since signal was issued (Monday, April 29, 2024).

Support, Risk & Stop-loss for Blackrock Floating Rate Income stock

Blackrock Floating Rate Income finds support from accumulated volume at $12.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0600 between high and low, or 0.459%. For the last week the stock has had daily average volatility of 0.646%

Our recommended stop-loss: $12.56 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (FRA) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Blackrock Floating Rate Income Strategies Fund Inc to open at $13.08, and during the day (based on 14 day Average True Range), to move between $12.93 and $13.19, which gives a possible trading interval of +/-$0.130 (+/-1.00%) up or down from last closing price. If Blackrock Floating Rate Income Strategies Fund Inc takes out the full calculated possible swing range there will be an estimated 1.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.09 (0.23%) than the support at $12.91 (1.15%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Blackrock Floating Rate Income Strategies Fund Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Blackrock Floating Rate Income stock to perform well in the short-term.

Current score: 1.503 Buy Candidate Unchanged

Predicted Opening Price for Blackrock Floating Rate Income Strategies Fund Inc of Monday, April 29, 2024

Fair opening price April 29, 2024 Current price
$13.08 ( 0.153%) $13.06

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FRA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 13.14 0.613 %
R2 13.12 0.437 %
R1 13.10 0.329 %
Current price: 13.06
Support S1 13.06 -0.0224 %
S2 13.04 -0.131 %
S3 13.02 -0.306 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.21 1.15 %
R2 13.13 0.536 %
R1 13.09 0.230 %
Current price 13.06
Support S1 12.91 -1.15%
S2 12.87 -1.45%
S3 12.61 -3.45%

FRA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 01, 2024 Apr 12, 2024 Apr 30, 2024 $0.124 0.95%
2 Mar 01, 2024 Mar 14, 2024 Mar 28, 2024 $0.124 0.96%
3 Feb 14, 2024 Feb 14, 2024 Feb 14, 2024 $0 0%
4 Jan 02, 2024 Jan 11, 2024 Jan 31, 2024 $0.124 0.99%
5 Dec 05, 2023 Dec 14, 2023 Dec 20, 2023 $0.124 1.01%

FAQ

What is the symbol for Blackrock Floating Rate Income Strategies Fund Inc Stock and on which exchange is it traded?
The symbol for Blackrock Floating Rate Income Strategies Fund Inc is FRA and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Blackrock Floating Rate Income Strategies Fund Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Blackrock Floating Rate Income stock to perform well in the short-term.

How to buy Blackrock Floating Rate Income Strategies Fund Inc Stock?
Blackrock Floating Rate Income Strategies Fund Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Blackrock Floating Rate Income Strategies Fund Inc Stock.

What's the current price of Blackrock Floating Rate Income Strategies Fund Inc Stock?
As of the end of day on the Apr 26, 2024, the price of an Blackrock Floating Rate Income Strategies Fund Inc (FRA) share was $13.06.

What is the 52-week high and low for Blackrock Floating Rate Income Strategies Fund Inc Stock?
The 52-week high for Blackrock Floating Rate Income Strategies Fund Inc Stock is $13.22 and the 52-week low is $11.43.

What is the market capitalization of Blackrock Floating Rate Income Strategies Fund Inc Stock?
As of the Apr 26, 2024, the market capitalization of Blackrock Floating Rate Income Strategies Fund Inc is 459.78M.
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About Blackrock Floating Rate Income Strategies Fund Inc

BlackRock Floating Rate Income Strategies Fund, Inc. is a close ended fixed income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in floating rate debt securities and instruments consisting of secured or unsecured senior floating rate loans that are ... FRA Profile

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